Volatile Net ProfitabilityNet margins have been unstable, with a 2024 loss then a modest 4.88% net margin in 2025. This volatility undermines predictability of sustainable earnings and could constrain reinvestment or shareholder returns if margins revert or if one-off improvements do not persist.
Weak Equity Base / Leverage RelianceA low equity ratio (~11.5%) signals the balance sheet is financed largely by liabilities. Even with cash covering debt today, a thin equity base raises long-term financial risk, limits borrowing flexibility, and increases vulnerability to margin shocks or adverse funding conditions.
Execution & Network Scale RiskThe business relies on scaling an expert network, subscription uptake and partnerships to sustain growth. Failure to attract experts, retain subscribers, or deepen alliances would materially slow revenue gains and weaken competitive positioning in the consulting-platform market.